Stock Traders Purchase High Volume of Call Options on Calix (CALX)

Calix Inc (NYSE:CALX) saw some unusual options trading on Tuesday. Investors bought 444 call options on the company. This represents an increase of 771% compared to the typical volume of 51 call options.

Shares of Calix (NYSE:CALX) traded down $0.30 during midday trading on Wednesday, hitting $6.30. The stock had a trading volume of 877,558 shares, compared to its average volume of 282,390. Calix has a 1-year low of $4.65 and a 1-year high of $7.40. The firm has a market cap of $312.45, a price-to-earnings ratio of -3.87 and a beta of 0.72.

Several equities analysts have recently issued reports on the company. Northland Securities upgraded Calix from a “market perform” rating to an “outperform” rating in a research note on Wednesday. BidaskClub cut Calix from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine upgraded Calix from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $6.50.

In other news, CFO Cory Sindelar bought 5,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of $6.70 per share, for a total transaction of $33,500.00. Following the acquisition, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $100,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CALX. GSA Capital Partners LLP acquired a new stake in shares of Calix during the 3rd quarter worth about $114,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Calix during the 3rd quarter worth about $119,000. Simplex Trading LLC acquired a new stake in shares of Calix during the 4th quarter worth about $135,000. Voya Investment Management LLC raised its position in shares of Calix by 15.5% during the 2nd quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock worth $189,000 after acquiring an additional 3,696 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Calix by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after acquiring an additional 729 shares in the last quarter. 67.21% of the stock is currently owned by institutional investors and hedge funds.

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Calix Company Profile

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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